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I think it would be good to find an alternative to "proof of work" (bitcoin) and "proof of stake" (ethereum). It should be called "proof of traffic", basically
by bflesch 5y ago
I think it would be good to find an alternative to "proof of work" (bitcoin) and "proof of stake" (ethereum). It should be called "proof of traffic", basically a crypto coin which anonymizes internet traffic for everyone. If such technology is possible, it would merge the ideas of TOR and Bitcoin, while rendering VPN providers obsolete. It would also have societal benefit through anonymity.
- neilalexander 5y agoNot for anonymity, but it sounds like you’re describing https://pkt.cash/ https://pkt.cash/ otherwise. The “proof of work” is bandwidth-hard.
- bflesch 5y agoThank you, that's very interesting.